The Latest from SaaStr: 5 Interesting Learnings from Box at $1 Billion in ARR

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5 Interesting Learnings from Box at $1 Billion in ARR

By Jason Lemkin · Wednesday, June 1, 2022 | 5 Interesting Things, Scale

So I’ve been waiting for this milestone for some time, ever since 2014, when we wrote in TechCrunch that Box would eventually get to $1B in ARR. It was just a matter of time.

And now we’re here!

Box is now crossing $1B in ARR. In fact, it’s growing the fastest at $1B ARR it has in quite some time, with its all-time highest NRR ever!

Read the full article: 5 Interesting Learnings from Box at $1 Billion in ARR

THE LEARNINGS

Dear SaaStr: I Just Received a $1M investment for My 3-year old Industrial SaaS Product to Scale. What Should I Do First?

By Jason Lemkin · Thursday, June 2, 2022 | Early, Fundraising

$1m isn’t enough to scale anything, at least not in the U.S., and probably not anywhere.

To hire a true sales & marketing team, you’re going to need about $3m-$4m.

But … $1m can help you do what you are already doing that is working a little bit — and do that better, with less stress.

Read the full article: Dear SaaStr: I Just Received a $1M investment for My 3-year old Industrial SaaS Product to Scale. What Should I Do First?

SOME BASIC TIPS

Salesforce: “We’re Not Seeing Any Downturn or Deceleration”, Growing 24% at $30 Billion in ARR

By Jason Lemkin · Wednesday, June 1, 2022 | Blog Posts

Following Snowflake’s blow out quarter, Salesforce has now announced a record quarter as well, growing a stunning 24% at a now $30 Billion in ARR.

In fact, that’s acceleration. At $24B in ARR, Salesforce was growing 20% year-over-year.

Read the full article: Salesforce: “We’re Not Seeing Any Downturn or Deceleration”, Growing 24% at $30 Billion in ARR

A LOOK AT THE DATA

Join SaaStr Europa After Parties with Payhawk, Appsumo, Capchase, Verdane, Hook, Chargebee and More!!

By Jason Lemkin · Tuesday, May 31, 2022 | Blog Posts

SaaStr Europa in Barcelona on 7-8 June is ALMOST here! We’re just about to cross 2,500 total attendees and we’ll see where we end up!

Both nights we’ll have amazing on-site outdoor happy hours, including open Q+As, cocktails, churros con chocolate, tapas, mules, and much more, courtesy of PayHawk!

Many of our partners are doing their own additional off-site happy hours on 7 June, in particular, in Barcelona.

Read the full article: Join SaaStr Europa After Parties with Payhawk, Appsumo, Capchase, Verdane, Hook, Chargebee and More!!

RSVP FOR THE PARTIES

Creandum Ventures: VCs Don’t Help Enough in Recruiting. And VC Brands Are Overrated.

By Jason Lemkin · Tuesday, May 31, 2022 | Fundraising

So Creandum, one of Europe’s leading VC firms (and they’ll be speaking at 2022 SaaStr Europa in Barcelona on June 7-8) updated its report on What Founders Really Want from VCs, and if VCs add value.

The data is interesting, and we wrote up a short summary.

Read the full article: Creandum Ventures: VCs Don’t Help Enough in Recruiting. And VC Brands Are Overrated.

DO VCS ADD VALUE?